Rivian Rises, Uber Falls on Autonomous Taxi Deal Announcement

MaticHoleFiller · 2026-03-21T10:31:09+00:00

Rivian and Uber showed opposite stock price movements in midday trading, with Rivian up more than 1% and Uber down nearly 2%. This came after Uber announced it would invest up to $1.25 billion in Rivian to support future autonomous taxi deployments.

MaticHoleFiller

2026-03-21 10:31:09

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Rivian Automotive and Uber Technologies’ stock prices moved in opposite directions during midday trading.

As of 2:45 p.m. Eastern Time, Rivian was up over 1%, while Uber was down nearly 2%.

Earlier, the two companies announced that Uber plans to invest up to $1.25 billion in Rivian. As part of the agreement, the companies aim to deploy up to 50,000 autonomous taxis across multiple countries by 2031.

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Editor: Zhang Jun SF065

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